General Government Net Lending/Borrowing for Canada
Percent of GDP
GGNLBACAA188N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.15
Year-over-Year Change
-14.85%
Date Range
1/1/1980 - 1/1/2024
Summary
The 'Percent of GDP' trend measures the general government net lending/borrowing as a percentage of gross domestic product (GDP). This metric is a key indicator of a government's fiscal position and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The general government net lending/borrowing is the difference between government revenue and expenditure, reflecting a country's overall fiscal balance. Analyzing this ratio as a percentage of GDP provides important context for assessing a government's fiscal policy and economic performance.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD) based on national accounts statistics.
Historical Context
Policymakers and analysts closely monitor this trend to evaluate a country's fiscal health and the sustainability of its public finances.
Key Facts
- The 'Percent of GDP' trend can be positive (surplus) or negative (deficit).
- High government deficits as a percentage of GDP can lead to increased public debt.
- Sustainable fiscal policies aim to maintain the 'Percent of GDP' trend close to balance or in surplus.
FAQs
Q: What does this economic trend measure?
A: The 'Percent of GDP' trend measures the general government net lending/borrowing as a percentage of gross domestic product (GDP), reflecting a country's overall fiscal balance.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of a government's fiscal position and sustainability, providing important context for assessing its fiscal policy and economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to evaluate a country's fiscal health and the sustainability of its public finances.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the OECD.
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Citation
U.S. Federal Reserve, Percent of GDP (GGNLBACAA188N), retrieved from FRED.